Exception Management

Cutting-Edge Technology

A high-ranking executive at a U.S. retailer was recently faced with a serious issue; his company was being outsold by a competitor who was gaining considerable market share. “How can this be?” he thought to himself. We have the best legacy system available to help us with industry forecasting. What the executive didn’t know was that his competitor had stepped into the 21st century and away from the legacy systems of yester-year. When the executive assembled a team of company leaders to figure out what the competitor was doing so differently to be so successful in the marketplace, they were shocked…

ATLANTA, July 22, 2014 /PRNewswire/ — Data Profits Inc. announced the release of their iKIS™ Retail Promotion Solution that extends End-to-End Promotion Planning for the Retail, Wholesale, and Grocery Industries.
Data Profits (http://www.data-profits.com), a leading mid-market Supply Chain Management (SCM) solution provider delivering key demand driven forecasting and inventory replenishment functionality that leads to higher supply chain performance and profitability, is excited to offer new functionality to its customers and their suppliers that provides an end to end solution for trade promotion planning and execution.

Is Your Inventory Optimization Solution Actually Leading to Profits?

The Inventory Optimization link in your chain is a critical piece to increase profit. How much inventory do you carry to meet future service goals without overstock and high carrying costs? How often should you reorder, acquisition costs like inventory carrying costs will reduce profits. Your inventory optimization solution needs to balance how much to carry, how often to reorder, demand rates, gross profits, pick quantity, supplier minimum, and business rules with a methodology (the math) that maximizes your profits while minimizing your risks.